I think you got it wrong.
Fiat money is created out of "thin air", whereas true cryptocurrencies are created from POW, POS, DPOS or POB. All those algorithms requires some form of work and the best cryptocurrencies has a hardcap also, like LasseCash do have.
I'm not an expert indeed. To my understanding POW, POS, etc. are algorithms for distribution while the generation is from "thin air". As for fiat it is generated with debts as far as I know... And that is thin air in different shape 😃
I remember I read about LasseCash some time ago... Something about centralization. Seems an interesting idea
Ok, agree... Creation and distribution are more or less the same as coins are distributed at the time of their creation. But there is nothing hard. Gold and silver can survive global catastrophies like wars, pandemics, but Bitcoin... It needs worldwide connection to operate, let alone the huge computational power requirements
I don't care much about the shape of the earth, I used "global" as something that affects entire world. The point is that there is a scenario in which any cryptocurrency might seize to exist. For example imagine that the operational costs for running a Hive node exceed the potential profit and witnesses decide to shut down. Then Hive and all hive-engine tokens will disappear into thin air where they came from. Something that is not possible for "hard money" as gold
Ok, noted about the terminology ;)
As for the game theory - it's just a theory ;) needs proofs. I've heard fairy tales from the top witnesses mostly about Steem quick death and Hive rising after the hardfork but none of them proved true
I think I floated away from the topic sorry about that. And thanks for the upvote, I'll check LasseCash community